| ZIP Code | 55932 |
|---|---|
| City | Elgin |
| State | Minnesota (MN) |
| County | Wabasha County |
| Area Code | 507/924 |
| Elevation | 1,101 ft |
| Latitude | 44.152205 |
|---|---|
| Longitude | -92.298336 |
| Timezone | Chicago (DST) |
| FIPS | 27157 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 38.0 yrs |
|---|---|
| Avg Household Size | 2.61 |
| Below Poverty | 4.9% ▼ 51% below avg |
| College Grads | 47.8% ▲ 23% above avg |
| Unemployment | 3.2% ▼ 34% below avg |
| No HS Diploma | 17 (1.2%) |
| HS Graduate | 404 (28.6%) |
| Some College | 173 (12.3%) |
| Associates | 143 (10.1%) |
| Bachelors | 223 (15.8%) |
| Graduate Degree | 452 (32%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $102,727 ▲ 35% above avg ↑ 38% since 2019 |
|---|---|
| Median Home Value | $288,600 ≈ Avg ↑ 57% since 2019 |
| Home/Income Ratio | 2.8x (nat avg ~3.5x) |
| Median Rent | $744/mo ↑ 22% since 2019 |
| Total Units | 866 |
| Vacant Units | 68 |
| Avg HH Size | 2.61 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 866 |
|---|---|
| Vacant | 68 |
| Owner Occupied | 82.6% |
| Renter Occupied | 17.4% |
| Avg HH Size | 2.61 |
ZIP code 55932 is located in Elgin, Minnesota, within Wabasha County. With a population of 2,080, this is a sparsely populated ZIP code with a middle-aged community — the median age is 38 years. Economically, 55932 is a upper-middle-income ZIP code: the median household income of $102,727 is above the national average.
Real estate in ZIP code 55932 represents a mid-range housing market. The median home value of $288,600 is near the national average. Renters can expect to pay around $744 per month in median rent. Homeownership is strong here — 82.6% of occupied units are owner-occupied, suggesting an established, stable residential community. Median home values have increased by 57% since 2019.
The population of 55932 is primarily White (92.36%). Residents are well-educated — 47.8% hold a bachelor's degree or higher, which is above the national average. Poverty affects a relatively small share of residents at 4.9%. Household income has grown by 38% since 2019.
The unemployment rate in 55932 stands at 3.2%, which is below the national average. About 14% of workers are remote. As in most parts of the country, driving alone is the dominant commute mode at 75%.
Overall, ZIP code 55932 in Elgin, MN is characterized as upper-middle-income, well-educated, a middle-aged community, and predominantly owner-occupied. With 2,080 residents, a median household income of $102,727, and a median home value of $288,600, it offers a clear picture of life in this part of Minnesota.